Real Estate Investing in Michie, Tennessee (38357)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 38357 (Michie, TN)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 21.5% of homes vacant — above national norms.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Michie, TN (38357)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 38357 Michie
The 38357 ZIP in Michie, TN is a local-operator market. Outside capital chasing a $195K entry has to pair deep knowledge with the discount.
For an experienced owner, 38357 can be a a strong candidate for hunting ground — but the discount at $195K reflects genuine risk that outside investors often underestimate.
The gap between 38357 and stronger Michie ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Employment concentration in 38357 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Strategy in 38357 is an operator game, not a passive one. From a cash-flow lens, entry prices of $195K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Michie:
Market Trends
Home Value History (with trend line)
📊 How Does 38357 Compare?
| Metric | 38357 | Michie | Tennessee |
|---|---|---|---|
| Home Value | $195,330 | $195,330 | $327,001 |
| 5-Year CAGR | 5.7% | 5.7% | 7.7% |
| Avg Rent | $909 | $909 | - |
| Cap Rate | 3.6% | 3.6% | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 38357 (Michie, TN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $195,330 |
| Monthly Rent | $909 |
| Price-to-Rent | 17.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.6% |
| Cap Rate | 3.6% |
| 5-Year IRR | 9.3% |
📈 Home Appreciation
| 1-Year | +9.6% ▲ |
| 3-Year CAGR | +3.0% ▲ |
| 5-Year CAGR | +5.7% ▲ |
| 10-Year CAGR | +6.6% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.6%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 38357
Population: 3,382
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 38357
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 513 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is real estate in Michie, TN a good investment right now?
Michie, TN scores 3.0/5 for investability. Home values sit at $195K and rents near $909/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
How much do tenants pay in Michie, TN?
Rent in Michie, TN is around $909/mo. The resulting rent-to-value relationship with $195K pricing is reasonable for most investor models.
How tight is the rental market in Michie, TN?
Michie, TN carries elevated vacancy risk. Expect steady absorption at market rents of $909/mo.
What is the best play in Michie, TN?
For Michie, TN, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
How deep is the rental pool in Michie, TN?
The tenant pool in Michie, TN is solid, supported by local employment and population fundamentals. Rents of $909/mo are well-absorbed by the market.
You know 38357 now. You don’t know where it ranks.
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